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Matthew Kanner Of Keller Williams Brokers $11.55M Multifamily Sale In Los Angeles

Property Image
SOLD
$11,550,000

California

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MultiFamily24,318 SF
Sold 03/08/2023
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Property Image
SOLD

Matthew Kanner Of Keller Williams Brokers $11.55M Multifamily Sale In Los Angeles

3724 Glendon Ave

See Similar Deals
MultiFamily24,318 SF
Sold 03/08/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$475
Total Square Footage:24,318 SF
Transaction Type:Sale

Located at 3724 Glendon Ave in Los Angeles, this multifamily property recently went on the market for sale. The property consists of 27 units with a total square footage of 24,318. The sale price for this property was $11,550,000, making the price per unit approximately $427,778. The price per square foot is estimated to be around $475. This transaction was facilitated by broker Matthew Kanner of Keller Williams.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $11,550,000
  • Units: 27
  • Price Per Unit: $427,778
  • Square Footage: 24,318
  • Price Per Square Foot: $475
  • Address: 3724 Glendon Ave, Los Angeles
  • Market: Los Angeles

This sale transaction was facilitated by Matthew Kanner of Keller Williams. His expertise and negotiation skills played a vital role in closing this deal. The property offers a great investment opportunity in the vibrant Los Angeles market.

Players

Matthew Kanner
Keller Williams Realty
Matthew Kanner
10 deals$96.3M volume
BROKER

Details

SOLD
IMAGE: Matthew Kanner DATE: 03/08/2023 ADDRESS: 3724 Glendon Ave MARKET: Los Angeles ASSET TYPE: Multifamily BROKER: Matthew Kanner (@Thekannergroup) - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $11,550,000 UNITS: 27 ~ PPU: $427,778 SF: 24,318 ~ PPSF: $475

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$41,034.70
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